FREE book: The Book on Texas Real Estate Investing — download now

Occupied Fourplex Hitting the 1% Rule Next to Fort Hood

4503 Chase Circle, Killeen
ROI
19.73% IRR
Strategy
Long Term Rental
Occupied fourplex hitting the 1% rule next to Fort Hood. All 2 bed units, currently leased for $3220/mo with positive cash flow and gross rent potential of $3600/mo at market rates. Asking price $330k with multiple offers, expect to offer $340-350k to be competitive. All 2 beds, 1bath. Currently leased for $700-900/mo producing $75-100 in cash flow, with market rents supporting $900/mo for over $400/mo in cash flow.

Enter your email to download the proforma

< Back to Daily Deals

Occupied Fourplex Hitting the 1% Rule Next to Fort Hood

Listed 03/27/2023

4503 Chase Circle, Killeen

Purchase Price:$340,000

Cash Outlay:$101,800

Cashflow:$4049/mo

Cap Rate:7.08%

IRR:19.73%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

New Caney Triplex House Hack Live Free Income Property $265K

19639 Maple Ln, New Caney

Purchase Price:$350,000

Cash Outlay:$904,500

Cashflow:$650/mo

Cap Rate:8.78%

IRR:25.10%

Long Term Rental

Killeen Quadplex 3 Bed Units Value Add 1%+ Potential $350K

1600 Dugger Cir, Killeen

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$485/mo

Cap Rate:7.50%

IRR:18.90%

Long Term Rental

Killeen Quadplex 3 Bed Units Partial Vacancy Upside $360K

3202 Hereford Ln #A-D, Killeen

Purchase Price:$360,000

Cash Outlay:$97,200

Cashflow:$336/mo

Cap Rate:6.96%

IRR:16.26%

Long Term Rental

San Marcos Duplex 3 Bed Units Strong Rent Growth Corridor $350K

108 Gm Ln, San Marcos

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$115/mo

Cap Rate:6.23%

IRR:12.75%

Long Term Rental

Houston Energy Corridor Quadplex Katy ISD Fully Leased $675K

720 Memorial Mews St, Houston

Purchase Price:$675,000

Cash Outlay:$182,250

Cashflow:$121/mo

Cap Rate:6.05%

IRR:11.88%

Long Term Rental

Dallas 8 Unit Value Add Multifamily Lease Reset Opportunity $879K

3209 Norwalk Ave, Dallas

Purchase Price:$879,000

Cash Outlay:$237,330

Cashflow:$1,207/mo

Cap Rate:7.49%

IRR:18.83%